SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2026

SEGMENT INFORMATION

SEGMENT INFORMATION

15. SEGMENT INFORMATION

The Company had two primary business segments, its community banking segment, and its wealth management segment.

The community banking segment provides financial services to consumers and businesses principally in the Greater Syracuse Area and Onondaga County of New York State. These services include providing various types of loans to customers, accepting deposits, mortgage banking, and other traditional banking services. Parent company income is included in the community banking segment, as the majority of effort for these functions is related to this segment. Major revenue sources include net interest income and service fees on deposit accounts. Expenses include personnel and branch-network support charges. The wealth management agency segment offers individual investment management for individuals in the Greater Syracuse Area. The primary revenue source is commissions from 401(k) management and brokered accounts.

The Company’s Chief Financial Officer is the chief operating decision maker (“CODM”). The CODM evaluates the financial performance of the Company’s components such as evaluating revenue streams, significant expenses, and budget to actual results in assessing the performance of the Company’s segments in the determination of allocating resources. Financial information regarding each significant segment expense outlined below is regularly provided (at least monthly) to the CODM. For the community banking segment, interest expense is a significant segment expense. Additionally, for each of the two reportable segments, compensation and employee benefits are significant segment expenses.

On October 21, 2026, the Company entered into a definitive agreement to sell substantially all of the business assets of Financial Quest for $1,400,000; the transaction closed on October 26, 2026. This disclosure will not be presented after the quarter ended September 30, 2026 as there is no longer a reportable segment.

Information about the segments is presented in the following table as of and for the periods indicated:

(In thousands)	At September 30, 2026		At December 31, 2025
Total assets for Seneca Savings	$	314,923	$	312,487
Total assets for Financial Quest		1,384		1,236
Elimination of intercompany receivables		(670)		(1,609)
Total consolidated assets	$	315,637	$	312,114

See Note 1 for more information on the Financial Quest sale.

	Three Months Ended September 30,
	2026						2025
(In thousands)	Seneca Savings		Financial Quest		Total		Seneca Savings		Financial Quest		Total
INTEREST INCOME
Total interest income	$	4,073	$	—	$	4,073	$	3,779	$	—	$	3,779
INTEREST EXPENSE
Total interest expense		1,430		—		1,430		1,553		—		1,553
Net interest income		2,643		—		2,643		2,226		—		2,226
Provision for credit losses loans receivable		100		—		100		80		—		80
Net interest income after provision for credit losses		2,543		—		2,543		2,146		—		2,146
NONINTEREST INCOME
Service fees		37		—		37		33		—		33
Income from financial services		—		254		254		—		245		245
Fee income		297		8		305		220		8		228
Earnings on deferred compensation plan assets		35		—		35		26		—		26
Net (losses) gains on sale of residential mortgage loans		(1)		—		(1)		63		—		63
Total noninterest income		368		262		630		342		253		595
NONINTEREST EXPENSE
Compensation and employee benefits		1,328		143		1,471		1,248		117		1,365
Core processing		505		—		505		435		—		435
Premises and equipment		269		6		275		211		6		217
Impairment of long-lived assets		262		—		262		—		—		—
Professional fees		122		—		122		77		25		102
Postage and office supplies		22		—		22		23		—		23
FDIC premiums		58		—		58		38		—		38
Advertising		58		—		58		72		2		74
Director fees		49		—		49		38		—		38
Intangible asset amortization		—		39		39		—		38		38
Other		171		15		186		173		14		187
Total noninterest expense		2,844		203		3,047		2,315		202		2,517
Income before provision for income taxes		67		59		126		173		51		224
PROVISION FOR INCOME TAXES		40		—		40		39		—		39
Net income	$	27	$	59	$	86	$	134	$	51	$	185

	Nine Months Ended September 30,
(In thousands)	2026						2025
	Seneca Savings		Financial Quest		Total		Seneca Savings		Financial Quest		Total
INTEREST INCOME
Total interest income	$	11,867	$	—	$	11,867	$	10,811	$	—	$	10,811
INTEREST EXPENSE
Total interest expense		4,172		—		4,172		4,226		—		4,226
Net interest income		7,695		—		7,695		6,585		—		6,585
Provision for credit losses available-for-sale securities		148		—		148		—		—		—
Provision for credit losses loans receivable		192		—		192		701		—		701
Net interest income after provision for credit losses		7,355		—		7,355		5,884		—		5,884
NONINTEREST INCOME
Service fees		111		—		111		98		—		98
Income from financial services		—		761		761		—		709		709
Fee income		807		24		831		575		24		599
Gain on sale of fixed assets		6		—		6		—		—		—
Earnings on deferred compensation plan assets		103		—		103		78		—		78
Net gains on sale of residential mortgage loans		48		—		48		128		—		128
Total noninterest income		1,075		785		1,860		879		733		1,612
NONINTEREST EXPENSE
Compensation and employee benefits		4,198		423		4,621		3,686		352		4,038
Core processing		1,447		—		1,447		1,146		—		1,146
Premises and equipment		828		18		846		644		18		662
Impairment of long-lived assets		262		—		262		—		—		—
Professional fees		525		20		545		240		25		265
Postage and office supplies		70		1		71		80		1		81
FDIC premiums		172		—		172		105		—		105
Advertising		212		2		214		251		6		257
Director fees		149		1		150		122		1		123
Intangible asset amortization		—		117		117		—		117		117
Other		566		42		608		496		36		532
Total noninterest expense		8,429		624		9,053		6,770		556		7,326
Income (loss) before provision for income taxes		1		161		162		(7)		177		170
PROVISION FOR INCOME TAXES		33		—		33		33		—		33
Net (loss) income	$	(32)	$	161	$	129	$	(40)	$	177	$	137